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dylanisabaddog

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dylanisabaddog last won the day on March 20

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  1. dylanisabaddog

    Nightmare scenario

    Whew, I thought we were in trouble for a minute
  2. dylanisabaddog

    Good Friday could be momentous

    I'll be happy with a point on Friday with Emi coming back on Monday. I hope we go up on Friday but think it will be at Stoke
  3. dylanisabaddog

    Hillsborough memorial

    https://www.bbc.co.uk/news/uk-england-merseyside-32898612 Contrary to an earlier post, it seems that Liverpool have just air brushed this awful event out of their history. Anyone on this forum who has visited Annfield and seen Norwich win will know that they lose their famous 'sense of humour' when they lose. What happened to the Manchester City players there last year was disgraceful and should have led to another ban. One place I definitely won't be going next season
  4. dylanisabaddog

    Hillsborough memorial

    Am I still bitter about missing out on Europe so many times or does it strike anyone else as a bit odd that Liverpool never has a minute silence for the 13 people their fans murdered at Heysel?
  5. dylanisabaddog

    Going going gone

  6. dylanisabaddog

    Going going gone

    Bye bye Ipswich
  7. dylanisabaddog

    Today's matches

    Anyone else dancing round the living room
  8. dylanisabaddog

    Relegation countdown thread

    Just to add a little bit of irony, Birmingham are playing in yellow
  9. dylanisabaddog

    Relegation countdown thread

    I'm listening to the game on Radio Suffolk on the BBC Sounds App. It's hilarious. I think the co-commentator is Mick Mills. He just said that Chaloboah touches it a lot but nothing happens as a result. Amazing insight. He makes Mark Rivers sound like Pep Guardiola
  10. dylanisabaddog

    town going down without a fight

    Company A makes a profit of £10m. Company B makes a loss of £4m. The companies are under common ownership. In total they have made a profit of £6m. Company A would normally pay Corporation Tax at 20% on its profit of £10m giving a tax bill of £2m. Company A claims group losses of £4m from Company B which reduces its taxable profits to £6m. Corporation tax at 20% is £1.2m, a reduction of £800k. Company A has saved £800k in tax but Company B has still lost £4m. The only benefit to losing £4m is a tax saving of £800k. As another poster has said, there cannot be a tax advantage in a company losing money unless of course the loss is contrived in some way. That hasn't happened here, the Ipswich losses in the last year arose from the fact that their wage bill was greater than their income. God knows how but rumour has it that Lambert is keen on signing Naismith in the summer. Any further queries will be answered but there will be a charge of £500 an hour payable to Dylan Ltd which is a loss making company based in Jersey......
  11. With apologies to LDC this deserves a thread of its own. 1-0 down already and as things stand they are relegated
  12. dylanisabaddog

    town going down without a fight

    I am speaking as someone with 30 years experience in company taxation. Evans and his companies do not gain a financial advantage as a result of Ipswich Town making losses. At best his companies get relief at 20% for the losses which means that a loss of £5m becomes a loss of £4m after tax relief. Evans bought a debt of £30m owed by Ipswich to Aviva. He bought the debt for £7m which meant Aviva lost £23m. The Ipswich shareholders and supporters thought this meant they now only owed £7m when in fact they still owed £30m but to Evans rather than Aviva. It seems that Evans plan was to get promoted and take the £30m out of the Sky money thus making a quick profit of £23m. Unfortunately he chose Roy Keane to put this plan into practice and we all know what happened next. The debt is now £100m, mainly because Evans has been rolling up unpaid interest on the debt but also because wages have exceeded income. He stopped charging interest a couple of years ago which may be the result of FFP or perhaps because HMRC disallowed the losses. Only Evans and HMRC will know the reason. The rules for cross company interest relief and losses are incredibly complex. The moral of the tale is not to allow a gun running ticket tout to buy your football club.
  13. dylanisabaddog

    town going down without a fight

    They could do to Evans what we did to Chase
  14. In the days when I still admired Paul Lambert a reporter pointed out that Swansea had nearly 80% possession in a game we had won. "Do they get any points for that?" was his response. There are lies, damned lies and football statistics. We didn't play well enough to beat Reading. If Buendia had been playing we probably would have hammered them. The lesson to be learned from the game is that we need to find a way of winning when Emi isn't playing.
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